Corporatism

Corporatism is the belief that major interest groups such as agricultural, business, ethnic, labor, military, patronage, or scientific corporations should run society. Corporatism developed during the 1850s in response to the rise of classical liberalism and Marxism, as it advocated cooperation between the classes instead of class conflict, and corporate solidarism would be created by Emile Durkheim as a school of corporatism. Corporatism became one of the main tenets of fascism, and Benito Mussolini's fascist regime in Italy advocated the collective management of the economy by employers, workers, and state officials to reduce the marginalization of singular interests. After World War II, corporatism became a tenet of supporters of social democracy, conservatism, and Christian democracy, opposing liberal capitalism. Today, China uses corporatism to build its economy, while a form of corporatism exists in the United States, where lobbyists and corporations wield immense political power.